St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-05-03
YESTERDAYS MARKET.
On the Chicago Board of Trade Deliveries
of May Wheat on Contract Were
Quite Liberal.
They We're Nearly All Taken by Houses
Thought to Be in the Bull
Clique.
The Decrease in the Visible Supply
Not SO Large as Was
EXpe cted.
Transactions in the Financial Circles
of Wall Street &c eneral
Quotations..
Special to the Globe.

Quotations.
Special to the Globe.
CHICAGO, May 2.-It was popularity ex-
pected that all the trouble OF wheat specu-
lators would be over to-day. 1t was conf
IDENTITY predicted that in the deliveries made
this morning all the cliques' secrets would be
let out. If they took and paid for the cash
stuff, that would settle the deal in one way.
If they did not take the cash wheat and pay
for it, that would settle it the other way. 1t
was either shoestring manipulation en-
gineered with a little money and great
amount of wind, or else it was vast manipu-
lation by operators who could pay for l5,000,-
900 bu of cash grain and then have plenty of
money left. Whichever it was, was to be
made clear. This has been the talk for
week, and spectators and brokers could
scarcely contain themselves over Sunday for
feeling that so many puZzling questions were
all TO be settled in so short
time. The clique houses did pay for the
cash wheat to-day. Brokers stood around in
CROWDS ON THE CURB
early, in the hope that there would leak out
before the delivery boys went up stairs, some
information. AT o'clock the boys crowded
in. Kershaw s. Co. had six clerks, with Eg-
gleston, a partner, himself in Chicago.
Rosenfeld & Co., Walker & Co. and Irwin,
Green s. Co. all marshaled their corps of
clerkS,with some partner, TO do the managing.
An enormous amount OF wheat went around.
With the exception of the Armour holdings,
of which not more than T50,0 900 bushels came
out, about all the professional grain" came
out. 1t all headed toward the clique houses.
AT the KerShaw Co. tables the paper re-
ceipts piled up in stocks sufficient to make
big volume. Every now and then pile was
given TO q clerk and million or two bushels
&C. rhaO inA in W n hai n a
Kershaw Il Co. took ana kept all the grain
that headed toward them. Resented q Co.,
another wing of the clique, took and kept
out of the wheat received by them
at least four receipts out of every FIVE.
George c. Walker g. Co. carried Off nearly all
the receipts received by them. Irwin, Green
" Co. put out all the wheat they could, but
kept Il proportion. When the delivery hour
was over the boys were seized as they came
out and interrogated. When it was al over
the crowd drew long breath. The clique
had taken the cash wheat: June wheat
closed this afternoon at $500. In the after
noon the clique continued to take in the cash
wheat. So much wheat went around that
some of them were badly ratified. About
one-half had been paid for up to 3 O'Clock.
Checks, however, were being made out as
rapidly as possible, and everything was
cleared up before night. June corn closed
at 39$s9391ac, June lard at 81 and June ribs
at S6.627a-
THE ROUTINE REPORT.
CHICAGO, May 1.-The deliveries on May
wheat contracts were quite liberal this morn
ing and were nearly all taken by the various
houses supposed to be operating for the
"bulp' CLIQUE. The decrease in the visible
supply was 1864, 900 bushels, which was not
quite as large as had generally been ex-
pected. The clearings from the seaboard ag-
gregatcd $4,000 bushels. Traders were eau
tious. Nevertheless, large aggregate bust
ness WAS transacted. Valuations showed
little change, however, fluctuations being
confined to narrow limits. May opened at
Size, sold up size, dropped Oft to S09c, rose
TO Slssc and closed for the day at Si3sc.
over May. There was a fair degree
Of activity in corn and the decrease
Of $4,000 bushels in the visible supply I'M
parted a little firmer tone to value. The
market closed nc higher than on Saturday.
Oats ruled shade stronger. Mess pork was
marked up 60@75c barrel and closed firm.
Lard ruled sc per 100 lbs. lower. Short ribs
were 15c lower. The visible supply of grain
on April 80 was as follows;
Bushels. Bushels
Wheat. ..-... ........47, $4,000 1864, 900
Corn. ....... is, 651, 900 1866, 900
Oats. . ... 8, 1882 600 *4T6OOO
Rye ..---..-.-.........-- 32s,OoO $4,000
Barley. -.......... $4,000 $4,000
sDecrease.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No 2. May, opened at S014c, clos
ing at S13sc; June, S31ac, closing at $3.50;
July, S31ac, closing at S31$c; August, S24c,
closing at $3.50. Corn-No. 2, May, 37sSc,
closing at 377sc; June, 3914c, closing at 1890
39Hc; July, Ale, closing at Al 1s@414c. Aug
ust, 42Ac, closing at 424c. Oats-No. 2,
May, 263sc closing at 267sc; June, 2sAc,
closing at 2Ss4c; July, 2S7sc, closing at 29c.
Mess pork, per barrel-May, $3.50, closing
at $3.50; June, $3.50, closing at $3.50.
Lard, per 100 pounds-May, $500. closing
al $6.ST%; June, $685., closing at ST.; July.
SOB, closing at $40; August, S7.l5, clos
Ing at $7.17h. Short ribs, per 100
pouuds-May, S7.421a, closing at STAB;
June 500, closing at 1922; July.
quotations were as follows: Flour rsteady
ard unchanged. Wheat-No. spring, sIsIc;
No. spring, T3c; No. red, Sl3sc. Corn
No. =, 3759c. Oats-No. 2, 2654c Rye-No. 2.
5Gc. Barley-No. 2, SIC. Flax Seed-No. l.
SL.06%. Timothy Seed-Prime, $I.61@1 65
Mess pork, per Dbl, S22@23.5O. Lard per 100
lbs, SOS 7h. Short ribs sides, loose S7.4715;
dry sailed shoulders, boxed, $5.9O@6; short
clear sides, boxed, ST.90@7.95. Whisky, dis
1ilcrs' finished goods, per GAL $1.18. Sugars
Cut loaf, 634065sc; granulated &c; stand
ard A, 59sc. Recepts-Flour, 1900 bbs;
wheat, l0l,00U bu; corn, 100000 blu: oats,
l5S,0O0 bu; rye, 1901 bu; barley, 10000 bu
Shipments Flour, 5000 bbls; wheat. 1000
hu; coru, $1,000 bu: oats, $4,000 blu; rye
nohe; barley, $4,000 bu. On the produce ex-
onaIIgs to-day tho butter market was steady;
sreanery. lSG22c per II: dairy l6@2lc
aSHA se51GM5lc per doz.